8,011 Shares in Pathward Financial, Inc. (NASDAQ:CASH) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 8,011 shares of Pathward Financial, valued at approximately $584,000, during the first quarter, according to their SEC filing.
• Pathward Financial reported strong earnings, with $1.81 earnings per share, exceeding estimates and a 10.8% year-over-year revenue growth of $195.80 million.
• The company declared a quarterly dividend of $0.05 per share, resulting in an annualized dividend yield of 0.3%, with a low payout ratio of 2.65%.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Pathward Financial, Inc. (NASDAQ:CASH - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 8,011 shares of the savings and loans company's stock, valued at approximately $584,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Opal Wealth Advisors LLC purchased a new position in shares of Pathward Financial in the 1st quarter valued at $35,000. Sterling Capital Management LLC increased its holdings in shares of Pathward Financial by 726.8% in the 4th quarter. Sterling Capital Management LLC now owns 587 shares of the savings and loans company's stock valued at $43,000 after acquiring an additional 516 shares during the period. Bank of Montreal Can purchased a new position in shares of Pathward Financial in the 4th quarter valued at $201,000. AXA S.A. purchased a new position in shares of Pathward Financial in the 4th quarter valued at $203,000. Finally, Pictet Asset Management Holding SA purchased a new position in shares of Pathward Financial in the 4th quarter valued at $210,000. 92.66% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CASH. Keefe, Bruyette & Woods lifted their price target on Pathward Financial from $86.00 to $88.00 and gave the company a "market perform" rating in a report on Friday, July 11th. Piper Sandler lifted their price target on Pathward Financial from $91.00 to $94.00 and gave the company an "overweight" rating in a report on Wednesday, April 23rd.

Pathward Financial Stock Down 1.1%

Shares of CASH stock opened at $74.79 on Friday. Pathward Financial, Inc. has a 1-year low of $60.42 and a 1-year high of $86.00. The stock's fifty day moving average price is $78.69 and its 200 day moving average price is $77.18. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.76. The company has a market cap of $1.78 billion, a price-to-earnings ratio of 9.89 and a beta of 0.62.

Pathward Financial (NASDAQ:CASH - Get Free Report) last announced its earnings results on Monday, July 28th. The savings and loans company reported $1.81 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.24. Pathward Financial had a return on equity of 22.16% and a net margin of 22.23%. The firm had revenue of $195.80 million for the quarter, compared to the consensus estimate of $184.80 million. During the same period in the previous year, the business earned $1.66 EPS. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. On average, research analysts expect that Pathward Financial, Inc. will post 7.26 earnings per share for the current fiscal year.

Pathward Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.3%. Pathward Financial's payout ratio is 2.65%.

Pathward Financial Profile

Pathward Financial, Inc operates as the bank holding company for Pathward, National Association that provides various banking products and services in the United States. The company operates through three segments: Consumer, Commercial, and Corporate Services/Other. It offers demand deposit accounts, savings accounts, and money market savings accounts.

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